Hardy Lumber Has a Capital Structure Which Includes Bonds,preferred Stock,and

Multiple Choice

Hardy Lumber has a capital structure which includes bonds,preferred stock,and common stock. Which of the following rights have most likely been granted to the preferred shareholders?
I.right to share in company profits prior to other shareholders
II.right to elect the corporate directors
III.right to vote on proposed mergers
IV.right to all residual income after the common dividends have been paid

A) I only
B) I and III only
C) I and IV only
D) II, III, and IV only
E) I, II, III, and IV